Feb 13, 2012, 11:13 AM EST
Ortiz filed for $16.5 million and the Red Sox submitted at $12.65 million, so the two sides settle at the exact midpoint. And at least they provided the Boston media with a story to write about for the past month.
By settling for $14.575 million rather than risking a potential $16.5 million decision the Red Sox may have created a bit more payroll flexibility. As for Ortiz, he gets a $2.075 million bump in salary following a season in which he hit .309 with 29 homers and a .953 OPS that’s his highest since 2007.
According to Rob Bradford of WEEI.com the settlement came when general manager Ben Cherington and agent Fernando Cuza negotiated in the hotel lobby where the hearing was to be held this afternoon.
- Royals sign Edinson Volquez for two years, $20 million 25
- Rays, Padres, Nationals agree to 11-player trade 80
- Sergio Romo re-signs with the Giants for $15 million 14
- So, apparently we’re sweating the Matt Kemp physical now 46
- The United States will seek to normalize relations with Cuba 143
- Marlins complete Michael Morse deal: two years, $16 million 19
- Padres, Rays, Mariners discussing trade involving Wil Myers 36
- It is perfectly clear that A-Rod is the Yankees’ DH. At best. So there will be no drama, right? 37
- Baseball’s highest-ranking Hispanic woman employee sues for discrimination (163)
- The United States will seek to normalize relations with Cuba (143)
- Cubs, Red Sox, Dodgers, Padres, Rangers, and Astros interested in Phillies’ Cole Hamels (110)
- Done Deal: Yoenis Cespedes and two players traded to Detroit for Rick Porcello and a minor leaguer (105)
- Chase Headley signs a four-year deal with the Yankees worth at least $52 million. (95)